IWMW vs. SPY
Compare and contrast key facts about iShares Russell 2000 BuyWrite ETF (IWMW) and SPDR S&P 500 ETF (SPY).
IWMW and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMW is a passively managed fund by iShares that tracks the performance of the Cboe FTSE Russell IWM 2% OTM BuyWrite Index - Benchmark TR Gross. It was launched on Mar 14, 2024. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IWMW and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMW or SPY.
Correlation
The correlation between IWMW and SPY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IWMW vs. SPY - Performance Comparison
Key characteristics
IWMW:
13.96%
SPY:
12.69%
IWMW:
-8.35%
SPY:
-55.19%
IWMW:
-5.09%
SPY:
-3.89%
Returns By Period
In the year-to-date period, IWMW achieves a 0.19% return, which is significantly higher than SPY's -0.66% return.
IWMW
0.19%
-3.69%
5.10%
N/A
N/A
N/A
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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IWMW vs. SPY - Expense Ratio Comparison
IWMW has a 0.39% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IWMW vs. SPY — Risk-Adjusted Performance Rank
IWMW
SPY
IWMW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
IWMW vs. SPY - Dividend Comparison
IWMW's dividend yield for the trailing twelve months is around 17.70%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWMW iShares Russell 2000 BuyWrite ETF | 17.70% | 17.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IWMW vs. SPY - Drawdown Comparison
The maximum IWMW drawdown since its inception was -8.35%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IWMW and SPY. For additional features, visit the drawdowns tool.
Volatility
IWMW vs. SPY - Volatility Comparison
iShares Russell 2000 BuyWrite ETF (IWMW) has a higher volatility of 5.37% compared to SPDR S&P 500 ETF (SPY) at 4.61%. This indicates that IWMW's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.